Alibank is planning to launch the Sultanate's first Islamic fund for the Middle East and North Africa (Mena) region. The bank is waiting for regulatory approvals from both Central Bank of Oman and Capital Market Authority.
"We are planning to raise the fund from Oman and other Gulf Cooperation Council (GCC) countries, using the facilities of our group institutions," Abdulaziz al Balushi, chief executive officer of ahlibank, told Times of Oman. The corpus money raised by the fund will be invested predominantly in Oman, and a portion in the Gulf region...........................................Full Article: Source